Four-Bedroom Colonial
For Sale
$759,000
10219 213th Street, Queens Village, NY 11429
Residential, Duplex, Queens Village, NY
Property Size1,402 SF
Lot Size0.07 Acres
Price / SF$541.37
Days on Market86
Property Features for 10219 213th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Zoning: R
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2
Interior features
Stove
Basement
Finished
Subdivision
Queens Village
Standard status
Active
Size
1,402 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3476
Building Details
Year built
1930
Flooring type
Hardwood
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Best Realty Professionals
(718) 484-3745
Listed By:
Katia Belony
(718) 484-3745
Added: Jun 8
Changed: Aug 20
Last Checked: Sep 1 at 7:06PM
MLS# 502129
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This semi-attached Colonial duplex offers 1,402 square feet with four bedrooms and two full bathrooms. Interior features include hardwood flooring and a stove, while the hot water tank has been updated. The property was built in 1930 and includes an asphalt roof on a 0.0723-acre lot.
The home is positioned near LIRR service, bus transportation, shopping, schools, and a parkway. R zoning is identified for the property, supporting its residential setting.
The home is positioned near LIRR service, bus transportation, shopping, schools, and a parkway. R zoning is identified for the property, supporting its residential setting.
Key Highlights
- 1,402‑square‑foot semi‑attached Colonial duplex
- Four bedrooms and two full bathrooms
- 0.0723‑acre lot with R zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,271
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$685,420
$685.4K
Cap Rate 7%
$489,586
$489.6K
Cap Rate 9%
$380,789
$380.8K
Market Conditions
NOI Build-Up for 1,402 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.8K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$62.3K $44.44/SF
− OpEx
−$28.0K −$20.00/SF
NOI
$34.3K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$685,420
Cap Rate 7%
$489,586
Cap Rate 9%
$380,789
Alternative Uses
Best Use
Apartment 5plus
$489.6K
$428.4K – $571.2K
NOI $34,271 @ 7.0% cap · market cap 4.52%
Second Best
Multifamily LT 5
$331.5K
$290.1K – $386.8K
NOI $23,205 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.03M
$904.4K – $1.21M
NOI $72,350 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached residential property with hardwood flooring, an updated hot water tank, and access to nearby transit and shopping.
Where is this duplex located?
The property is located at 10219 213th Street Queens Village, NY.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: 1,402‑square‑foot semi‑attached Colonial duplex; Four bedrooms and two full bathrooms; 0.0723‑acre lot with R zoning
